The historical rank and industry rank for D-Wave Quantum's FCF Margin % or its related term are showing as below:
QBTS'
s FCF Margin % Range Over the Past 10 Years
Min: -825.43 Med: -584.47 Max: -310.28
Current: -825.43
During the past 6 years, the highest FCF Margin % of D-Wave Quantum was -310.28%. The lowest was -825.43%. And the median was -584.47%.
QBTS's FCF Margin % is ranked worse than 98.87% of 2471
companies
in the Hardware industry
Industry Median: 0.63
vs QBTS: -825.43
D-Wave Quantum FCF Margin % Related Terms
D-Wave Quantum FCF Margin % Historical Data
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The historical data trend for D-Wave Quantum's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Computer Hardware subindustry, D-Wave Quantum's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
D-Wave Quantum FCF Margin % vs Hardware Industry
For the Hardware industry and Technology sector, D-Wave Quantum's FCF Margin % distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
D-Wave Quantum (QBTS) has a FCF Margin % of -1,616.66% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on D-Wave Quantum and its competitors. According to the industry distribution chart, D-Wave Quantum ranks #2443 out of 2471 companies in the Hardware industry, placing it in the top 98.9%.
Is D-Wave Quantum's FCF Margin % too high?
D-Wave Quantum's current FCF Margin % is -1,616.66%. Based on the distribution chart, D-Wave Quantum ranks #2443 out of 2471 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, D-Wave Quantum has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's FCF Margin % compare to RGTI and QUBT?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #2443 out of 2471 companies for FCF Margin %. This places D-Wave Quantum in the lower half of its industry. The industry median FCF Margin % is 0.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Hardware company?
The median FCF Margin % among Hardware companies is 0.63, based on 2,471 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on D-Wave Quantum and its competitors. For the Hardware industry, the median FCF Margin % is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Wave Quantum's current FCF Margin % is -1,616.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-Wave Quantum stock overvalued right now?
Based on GuruFocus' analysis, D-Wave Quantum (QBTS) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.45, compared to a current price of $22.76 — trading 829% above its estimated fair value. The current FCF Margin % is -1,616.66%. D-Wave Quantum's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For D-Wave Quantum (QBTS), the current FCF Margin % is -1,616.66% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is D-Wave Quantum (QBTS) Overvalued in 2026?
Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued.
The current stock price of $22.76 is trading 829% above its estimated GF Value™ of $2.45.
GuruFocus considers D-Wave Quantum to be Significantly Overvalued.
Key valuation signals for QBTS:
FCF Margin %: -1,616.66%
GF Value™: $2.45 vs. price of $22.76 (829% above fair value)
No single metric tells the full story. See the QBTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
64GF Score
Get the complete analysis for QBTS
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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